Former Florida governor and 2016 presidential candidate Jeb Bush has joined the Board of Directors at Vertical Bridge, a private Boca Raton-based communications tower company.
According to Vertical Bridge, Bush will serve as an independent director for the company. Executive Chairman Marc Ganzi, who is also CEO of Vertical Bridge’s largest investor, Digital Bridge, said Bush “understands and appreciates” the need for more wireless telecommunications infrastructure. Ganzi said the company is “delighted” to welcome Bush and “have the benefit of his experienced, clear-thinking, strategic counsel as we plan and execute our growth strategy going forward.”
“I have long been a strong proponent of the role that improved telecommunications infrastructure can and should play in enhancing our quality of life in so many diverse ways,” Bush commented. “I look forward to contributing to the continued progress at Vertical Bridge.”
Bush will join a Board that includes Ganzi; Ben Jenkins, co-founder and chairman of Digital Bridge Holdings; Alex Gellman, CEO of Vertical Bridge; Trent Vichie, senior managing director of Stonepeak Infrastructure Partners; Eion Hu, senior partner of The Jordan Company; and Ed Pallesen, head of Infrastructure Investment for the Americas at Goldman Sachs Group.
Alongside its Bush announcement, Vertical Bridge noted it has now surpassed 52,000 total owned and master-leased sites. The company claimed it is the largest private owner and manager of telecommunications assets in the country.
The announcement comes just one day after fellow infrastructure company American Tower boosted its 2017 outlook by $100 million thanks to an amended master lease agreement with one of its tenants. More on that can be found here.
Filed Under: Infrastructure
